Hyundai Prices

Hyundai Used Cars Price Prediction in the UK

Hyundai Used Cars Price Prediction in the UK

Based on the dataset of 100K used cars in the United Kingdom comes the model to predict the price of Hyundai cars. 

In the model (Github linked below) we can see that the highest determination of features is the year of the car and the model. The most expensive model being the Santa Fe, with the more affordable option being the Amica. If you would like to buy the newest car for the least amount of diminishing returns you should buy a car that is 5 years old. Regardless of mileage cars lose their value the first five years. Although mileage does contribute, the size of the engine and the mpg will increase the price of the car.

In the UK, taxes on cars are determined by the carbon emissions. This means that cars that are electric have lower taxes. To add on to this, the size of the engine in our model shows an increase in price. Many cars in our data had a 0.0 value meaning it had an electric engine. This further adds to savings you can have by purchasing an electric vehicle. Lower buying prices, and lower taxes.

The model we have can predict prices, and it has a £904 error. When you are looking to purchase a car you can use the model to determine the price. Then look at the price of the car you are wanting to purchase. You will have a range of price that can be £904 above or below the fair purchasing price. With this you can ask the dealer about the other features of the car to determine if it is a good price. Some features not included in this data set are navigation screens, heated seats, rear camera, and lane keep assist. These other features can increase, or you can ask for a lower price depending on the missing elements.

With this model’s prediction you will be able to be better informed in your big car purchase.

GitHub - Hyundai


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